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Jan 5, 2013
01/13
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now the same is true for any future deficit agreement. if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that is going to be the formula for how we solve this thing, then they have another thing coming. >> all right, you catch that. the white house seriously, no kidding around says they will not accept a bargain in which what they got was an increase in the debt limit. so was congress, and what they get is congress simply agreeing to pay its bills. that is not their payoff. they see it as a historic responsibility to end the dawning precedent that minorities in congress can hold up the u.s. in the debt limit. so it will be up to boehner and connor to decide the deficit package and spending cuts and revenue, or taking the whole country into default. and i don't think they will choose default. for a couple of reasons here. first, the republicans are not nearly as crazy as the tea party would have you believe. in the end, they were not even willing to go over the fiscal cliff. and
now the same is true for any future deficit agreement. if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that is going to be the formula for how we solve this thing, then they have another thing coming. >> all right, you catch that. the white house seriously, no kidding around says they will not accept a bargain in which what they got was an increase in the debt limit. so was congress, and what they get is congress simply...
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Jan 15, 2013
01/13
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and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. >> the country defaults on its debt, republicans will take the blame for the damage, as president obama pointed out, the country is required by law to pay for what congress spends. >> congress authorizes spending. they order me to spend. they tell me you need to fund our defense department at such and such a level. you need to send out social security checks. you need to make sure that your paying to care for our veterans. they lay all this out for me. and because they have the spending power. and so i am required by law to go ahead and pay these bills. >> many republicans are willing to just let it all burn to the ground. politico reported more and morehouse republicans are planning to damage the economy. gop officials said more than half of their members are prepared to allow default unless president obama agrees to dramatic cuts. he has repeatedly sai
and ironically, would probably increase our deficit. so to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it's absurd. >> the country defaults on its debt, republicans will take the blame for the damage, as president obama pointed out, the country is required by law to pay for what congress spends. >> congress authorizes spending. they order me to spend. they tell me you need to fund our defense department at such...
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Mar 2, 2013
03/13
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CSPAN
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but that the deficit reduction alone is not an economic policy. part of the challenge that we have had here is not only congress but washington, generally, spends all of its time talking about deficits and does not spend a lot of time talking about how to create jobs, so i want to make sure we are talking about both. i think, for example, we could put a lot of people back to work, rebuilding our roads and bridges. we know we are going to have to do it. i went to a bridge that connects john boehner's state to mitch mcconnell's state -- how do we do it? how do we create jobs that will be good for businesses and improve commuter safety? that has to be part of the conversation, not just about cutting and spending. what i want to do is make sure we are constantly focused, that are true north is looking at how to make american families succeed. deficit-reduction is part of that agenda, but it is not the only part, and i do not want us to be paralyzed because we disagree on this one thing. as i already said to jessica, over time, perhaps after republican
but that the deficit reduction alone is not an economic policy. part of the challenge that we have had here is not only congress but washington, generally, spends all of its time talking about deficits and does not spend a lot of time talking about how to create jobs, so i want to make sure we are talking about both. i think, for example, we could put a lot of people back to work, rebuilding our roads and bridges. we know we are going to have to do it. i went to a bridge that connects john...
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Jan 2, 2013
01/13
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WBAL
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the fact is, the deficit, is still too high. we are still investing too little in the things that we need for the economy to grow as fast as it should. that is why speaker boehner and i try to negotiate a larger agreement. that would put this country on a path to pay down its debt bank also putting americans back to work rebuilding roads and bridges and providing investment the dark areas like investment and job training. unfortunately, there was not enough support or time for that kind of large agreement in a lame duck session of congress. that failure comes with a cost. the mess in nature of the process of the past several weeks has made business more uncertain and consumers less confident. but we are continuing to chip away at this problem. step by step. last year, i signed into law $1.70 trillion in deficit reduction. tonight's agreement for the reduces the deficit by raising billions of dollars in revenue from the wealthiest households in america. there will be more dead as a reduction as congress decides what to do about t
the fact is, the deficit, is still too high. we are still investing too little in the things that we need for the economy to grow as fast as it should. that is why speaker boehner and i try to negotiate a larger agreement. that would put this country on a path to pay down its debt bank also putting americans back to work rebuilding roads and bridges and providing investment the dark areas like investment and job training. unfortunately, there was not enough support or time for that kind of...
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Oct 16, 2013
10/13
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ALJAZAM
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. >> right, all of those by the way, everybody's suggestion spends less or cuts the deficit than the current budget we've been running on for the last four years. everything that we're doing is enter than what we're doing right now. >> pretty much. every one of those spending plans requires people to make a decision to cut spending in something. so you've got democrats who won't let anybody cut spending on education or on social security, god forbid we reach social security age. republicans do not want to cut any spending on defense. they're funding programs that the leaders of the military want cuts but they won't let them cut because their jobs depend on it. >> all jobs are local. >> default means nobody has to say i want to cut this. >> the most dangerous decision is the least politically harmful for some people. those who were okay to default can go only and say i stood up on principle. >> we've seen members of congress completely unwilling to stand up and say i'm willing to risk my job to do the right thing for the country. >> that's right. don't go far we're going to keep an ey
. >> right, all of those by the way, everybody's suggestion spends less or cuts the deficit than the current budget we've been running on for the last four years. everything that we're doing is enter than what we're doing right now. >> pretty much. every one of those spending plans requires people to make a decision to cut spending in something. so you've got democrats who won't let anybody cut spending on education or on social security, god forbid we reach social security age....
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Jan 14, 2013
01/13
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if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that, and, you know, we can achieve it fairly quickly. we know what the numbers are. we know what needs to be done. we know what a balanced approach would take, and we've done probably more than half of the deficit reduction we need to stabilize the debt and the deficit. there's probably been more pain and drama in getting there than we needed, and so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie collins. yeah. >> i would like to ask you now that you've reached the end of your first term, starting your second, about a couple of criticisms. one that's longstanding. another more recent. the long-standing one seems to have become a truism of sorts that you and your staff are
if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that, and, you know, we can achieve it fairly quickly. we know what the numbers are. we know what needs to be done. we know what a balanced approach would take, and we've done probably more than half of the deficit reduction we need to stabilize the debt and the deficit. there's probably...
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deficit $536 billion. $536 million. back then social security made up 6.5%. 6.5%. of the federal budget. 6.5%. the decayed and medicare didn't exist back the let's compare that to what we are doing now. a 20% of the budget on social security, and thene throw a 21% more of the federal budget for medicare, medicaid, and anotr 13% for other social programs, food stamps. so that comes up to a whopping 54% of the budget. 54%. forgot to mention this. it is kind of important, isn't it? back than median family income was about $38,000. $38,000. today it is $62,000. we will pretend that looks like a two and that looks like a six. we haven't done too well, more than half a century in raising a the median income ine this country and that is something he is right about, we do have to fix that. imagine this, it's got a nobel prize. the unions made up 24% read today that number a rather convenient because a reduction by half of 12% right now. it tells which were the country is moving in this nostalgia for a 91% tax rate. i want you t
deficit $536 billion. $536 million. back then social security made up 6.5%. 6.5%. of the federal budget. 6.5%. the decayed and medicare didn't exist back the let's compare that to what we are doing now. a 20% of the budget on social security, and thene throw a 21% more of the federal budget for medicare, medicaid, and anotr 13% for other social programs, food stamps. so that comes up to a whopping 54% of the budget. 54%. forgot to mention this. it is kind of important, isn't it? back than...
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Jan 6, 2013
01/13
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more broadly on deficit reduction, for me, stepping back and looking at it, having done deficit reduction in the farm bill -- i know it can be done in a smart, sensible way that works for people, works for families. there are three parts to deficit reduction. one is spending cuts. congress has agreed to $1.6 trillion in spending cuts, not counting the $24 billion in the farm bill. social security is solvent till 2033. we ought to be addressing that, but separately. we have already agreed to $700 billion in cuts in savings to medicare. we have not done anything, until a couple of days ago, to say the wealthiest americans should be part of the solution, and that is what happened on new year's eve in the senate. we said the wealthiest americans need to contribute a little bit more while we maintain tax cuts for the middle-class families. going forward, balance means you address all of those things. it has got to be balanced in all three parts. the other thing we have got to keep focused on -- coming from michigan, i am laser focused -- and that is jobs and our economy growing. we will never
more broadly on deficit reduction, for me, stepping back and looking at it, having done deficit reduction in the farm bill -- i know it can be done in a smart, sensible way that works for people, works for families. there are three parts to deficit reduction. one is spending cuts. congress has agreed to $1.6 trillion in spending cuts, not counting the $24 billion in the farm bill. social security is solvent till 2033. we ought to be addressing that, but separately. we have already agreed to...
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Jan 6, 2013
01/13
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KNTV
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why isn't he leading us in the direction of beginning to solve our long-term debt and deficit problem? it's perplexing to me. that the president of the united states, elected to lead the country, is so reluctant to engage on the most important issue regarding our future. >> but you understand what the president told me last week and other democrats have said, the republicans had a chance to say yes to a number of things, in addition to the trillion dollars of spending cuts that were en80ed as part of the budget control act of last year. they could have had additional cuts in entitlement programs if you had agreed before you did it in this temporary measure. going back to the summer of 2011, the president said to all of you republican leaders, if you didn't have such a hard time saying yes to me as president we could have solved some of these issues why. is he off base about that? >> you can relitigate the past if you want to. where we are now is we have resolved the revenue issue, and the question is, what are we going to do about spending? i wish the president would lead us in this d
why isn't he leading us in the direction of beginning to solve our long-term debt and deficit problem? it's perplexing to me. that the president of the united states, elected to lead the country, is so reluctant to engage on the most important issue regarding our future. >> but you understand what the president told me last week and other democrats have said, the republicans had a chance to say yes to a number of things, in addition to the trillion dollars of spending cuts that were...
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Nov 16, 2013
11/13
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FBC
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and then, it's saturday and they're still running a deficit. that is a solaria. >> and we triple the votes of the tweets people? [laughter] >> it's truly interesting. that is how much money the fed has printed. and that is really -- i think what it comes down to it. >> but the fact of the matter is that when the fed keeps printing all of this, the only people that benefit are the folks on wall street. >> they can't stop it. they don't want to stop it. and their deficit is going to be bigger this year than it was last year. >> but you see what they are saying. >> we don't have a spending problem, we have a revenue problem. >> i again repeat that it is what is happening in our society is that wall street is doing great they are pumping a lot of money and putting tax money and then the money comes in hand over fist. >> more money the government has, if you think that is a good use of your money, fine. and they should get more of it. neil: is good seeing you, my friend. >> it is not hillary clinton, senator warren could be the one of these. and >>
and then, it's saturday and they're still running a deficit. that is a solaria. >> and we triple the votes of the tweets people? [laughter] >> it's truly interesting. that is how much money the fed has printed. and that is really -- i think what it comes down to it. >> but the fact of the matter is that when the fed keeps printing all of this, the only people that benefit are the folks on wall street. >> they can't stop it. they don't want to stop it. and their deficit...
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Oct 16, 2013
10/13
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FOXNEWSW
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and building on the work done over the past four years in which we have reduced our deficits by half, we need to continue to take a balanced approach so that no sector of society unfairly has to bear the brunt of that project. that is always his position and will be his position moving forward. >> thanks, jay, can you give us color of how the president was informed of the deal and who told him and what his reaction was? nnone. nnone? >> right now we are looking for capitol hill for action to be taken. the president has been in contact with leaders of congress as has members of his team and we are encouraged by the progress we have seen and hope that it is fulfilled with both the votes in the senate and house. >> can you give us anymore about how he was involved in the process if >> he as you know had meetings with the members of congress and invited all members of both houses to the white house, and it is also the case that we don't inform you of every phone call that he makes, and neither does members of congress or others. he has been engaged in this process and his team has been e
and building on the work done over the past four years in which we have reduced our deficits by half, we need to continue to take a balanced approach so that no sector of society unfairly has to bear the brunt of that project. that is always his position and will be his position moving forward. >> thanks, jay, can you give us color of how the president was informed of the deal and who told him and what his reaction was? nnone. nnone? >> right now we are looking for capitol hill for...
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Mar 1, 2013
03/13
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MSNBCW
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>> well, look, we've already cut 2$2.5 trillion in our deficit. everybody says we need to cut $4 trillion. which means we have to come up with another trillion and a half. the vast majority of the economists agree that the problem, when it comes to deficits, is not discretionary spending. it's not that we're spending too much money on education. it's not that we're spending too much money on job training or that we're spending too much money rebuilding our roads and our bridges. we're not. the problem that we have is a long-term problem in terms of our health care costs and programs like medicare. and what i've said, very specifically, very detailed is that i'm prepared to take on the problem where it exists, on entitlements and do some things that my own party really doesn't like if it's part of a broader package of sensible deficit reduction. so the deal that i've put forward over the last two years, the deal that i put forward as recently as december is still on the table. i am prepared to do hard things and to push my democratic friends to do
>> well, look, we've already cut 2$2.5 trillion in our deficit. everybody says we need to cut $4 trillion. which means we have to come up with another trillion and a half. the vast majority of the economists agree that the problem, when it comes to deficits, is not discretionary spending. it's not that we're spending too much money on education. it's not that we're spending too much money on job training or that we're spending too much money rebuilding our roads and our bridges. we're...
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Apr 10, 2013
04/13
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MSNBCW
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we have massive deficits, a crushing debt. a slow economy, high poverty rates. >>> next hour we're also expecting senators joe manchin and paul toomey to announce they have a deal on background checks. they worked all night long to put the wheels in motion. votes could come on thursday. >>> the bottom line is we have the mothers and fathers of the victims from connecticut here on capitol hill and when they look a senator in the eye and say i need action, my child's life means something and you must do something. that is so powerful and so meaningful, i think it's going to shift the debate. >> i want to bring in t-- les fr sure than the president wanted, no universal background checks. >> it's a lot less than what the president wanted. if you go back to the new town shooting, limits on high capacity magazines, you heard manchin sketch out that this background checks deal, would not include universal background checks, it would close the loophole of gun shows. >> joe biden was outraged over the threat of a filibuster, let me pla
we have massive deficits, a crushing debt. a slow economy, high poverty rates. >>> next hour we're also expecting senators joe manchin and paul toomey to announce they have a deal on background checks. they worked all night long to put the wheels in motion. votes could come on thursday. >>> the bottom line is we have the mothers and fathers of the victims from connecticut here on capitol hill and when they look a senator in the eye and say i need action, my child's life means...
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Jan 3, 2013
01/13
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FOXNEWSW
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an american dream is in peril because of the growing deficit and national debt. senate majority leader talked about spending reductions, balanced with revenue from the wealthiest in the country. the messages could not be different. but the fight is the same. senior white house correspondent wendell goler has the lead story. >> reporter: senate majority leader mitch mcconnell welcomed the new congress and presented the lawmakers with an old problem. >> either we stackal the nation's spending problem. or it will tackle us. that simple. >> hours before president obama signed the tax deal aimed to keep the nation from sliding off the fiscal cliff, mcconnell says the agreement settles the revenue debate for good with the rich now paying their fair share. it will mean higher taxes for three-quarters of the country, but with no spending cuts in the fiscal cliff deal, they made clear that the coming fights over raising the debt ceiling is where the republicans make their stand. >> we cannot agree to increase the borrowing limit without adegreing to reforms that lower the
an american dream is in peril because of the growing deficit and national debt. senate majority leader talked about spending reductions, balanced with revenue from the wealthiest in the country. the messages could not be different. but the fight is the same. senior white house correspondent wendell goler has the lead story. >> reporter: senate majority leader mitch mcconnell welcomed the new congress and presented the lawmakers with an old problem. >> either we stackal the nation's...
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Dec 11, 2013
12/13
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MSNBCW
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are running at 10% of gdp, they're now much much lower, we're seeing the largest reduction of the deficit in 50 years, the labor market lags behind and we're not seeing a reverse from people's thinking in washington about what we need in this budget? >> that's because we have special interests, we don't care that unemployment is 13%, not an issue, we don't care that we have reduced the deficit by 50% over the last four years, we don't care that primary health care in this country is completely neglected or that so many of our kids have inadequate early childhood education, we don't want to invest in that. our job, and here's the good news, is on all of these issues, do you ask the wealthy and large corporations to pay more in taxes? the american people are saying yes, do you invest in jobs by rebuilding our infrastructure, the american people say yes, so on issue after issue, we have the american people on our side. they don't want to see cuts in social security, medicare and medicaid, our job is to rally the american people and put the republicans in a position where they have got to go
are running at 10% of gdp, they're now much much lower, we're seeing the largest reduction of the deficit in 50 years, the labor market lags behind and we're not seeing a reverse from people's thinking in washington about what we need in this budget? >> that's because we have special interests, we don't care that unemployment is 13%, not an issue, we don't care that we have reduced the deficit by 50% over the last four years, we don't care that primary health care in this country is...
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Oct 21, 2013
10/13
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MSNBC
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bush administration said deficits don't matter. there is kind of a different view, deficits and debt and spending when you're in the office and out of office. >> mark murray, thanks. appreciate it. we want to bring in congressman chris van hollen of maryland and former chairman of the democratic national committee. sir, it's great to have you. and the republicans took a bit hit politically during the shutdown and now that we have all of the issues and more tangible evidence of the glitches with the website itself, it's galvanized the republican party against the aca and as if to distract from what the law is meant to do. john mccain had this to say yesterday. take a listen. >> it's been a fee asco, send air force out to silicon valley and fix this problem. it's ridiculous and everybody knows that. >> this is a large misstep, but do you think there is enough time to as the president sid, redouble the efforts? this is part of his legacy. this has to be frustrating for you and other democrats supportive of the president through this p
bush administration said deficits don't matter. there is kind of a different view, deficits and debt and spending when you're in the office and out of office. >> mark murray, thanks. appreciate it. we want to bring in congressman chris van hollen of maryland and former chairman of the democratic national committee. sir, it's great to have you. and the republicans took a bit hit politically during the shutdown and now that we have all of the issues and more tangible evidence of the...
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Mar 2, 2013
03/13
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KQED
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the stuff driving the deficit are not subject to the cut. gwen: it seems to me there's a big issue on the table and that perhaps turn it on its head, there is secret genius behind all of this. >> i wouldn't go that far. gwen: ok, not genius, but they would never get to the point where they would think of cutting anything unless they were up against the wall and that's what we've seen, the wall. >> it's a cliche in washington that congress never acts until it's a crisis and they've been trying to manufacture crises for the last couple of years with these deadlines and this may bring them to the table. i think there's a chance after a couple of weeks of this, it looks unseemly, that well will be a group of people in the senate where there seems to be interest in a bargain deal, that they'll come up with something, probably a short-term thing but the adults in the senate will rise to the occasion. >> there's the thing about another short-term situation, where will be the motivation to do something comprehensive? >> i don't think there is any. >
the stuff driving the deficit are not subject to the cut. gwen: it seems to me there's a big issue on the table and that perhaps turn it on its head, there is secret genius behind all of this. >> i wouldn't go that far. gwen: ok, not genius, but they would never get to the point where they would think of cutting anything unless they were up against the wall and that's what we've seen, the wall. >> it's a cliche in washington that congress never acts until it's a crisis and they've...
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Sep 19, 2013
09/13
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MSNBCW
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the deficit, the thing that everyone is worried about, the deficit is shrinking at a record-setting jaw-dropping number. it has been shrinking at a high rate, the projected deficit in 2015 will be 2.1% of the total economy's output, or just 1/5 of what it was at the height of the recession in 2009. the spike you see at the beginning shows the recession, the decline means we are already reaching normal levels. and more than two thirds of the deficit decline is coming from revenue. as the economy improves and higher taxes on the wealthy continue. so draconian cuts by the republicans are not the reason. the progressives as well as main stream economists tried to press the point that in large part, the ballooning deficits would right themselves as the economy improve a improved. and that is basically what happened. meanwhile, house speaker john boehner and other republicans are frozen in their mindset. the deficit has not changed, even though the numbers have. the republicans are talking about the spending problem identical to 2009 before they managed to get the budget control act and the sequester
the deficit, the thing that everyone is worried about, the deficit is shrinking at a record-setting jaw-dropping number. it has been shrinking at a high rate, the projected deficit in 2015 will be 2.1% of the total economy's output, or just 1/5 of what it was at the height of the recession in 2009. the spike you see at the beginning shows the recession, the decline means we are already reaching normal levels. and more than two thirds of the deficit decline is coming from revenue. as the economy...
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Jan 6, 2013
01/13
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she described this effort as very bipartisan and deficit--- and deficit cutting. >> it was bipartisan, but not by regional -- biregional. it did go through the senate did the big problem was the house and its unwillingness -- it did go through the senate. the big problem was the house and its unwillingness to take it up, primarily because there would have been such a debate over food stamps. the house says it does not have enough votes to pass it, and it is not clear if that is true or not. >> there will be a markup early in the new session. you askede senate is -- about the debt ceiling -- you asked about the debt ceiling which is first up when they come back. how does the politics of the house to address the debt figure in to politics and the farm bill? >> the theory that leaders were operating under during the debate on the fiscal cliff that we just wrapped up -- if you saw a situation where you needed to find deficit reduction to offset some sort of either spending cuts or offset increase to the debt limit or be paired with an offset, the farm bill would be a good inclusion in tha
she described this effort as very bipartisan and deficit--- and deficit cutting. >> it was bipartisan, but not by regional -- biregional. it did go through the senate did the big problem was the house and its unwillingness -- it did go through the senate. the big problem was the house and its unwillingness to take it up, primarily because there would have been such a debate over food stamps. the house says it does not have enough votes to pass it, and it is not clear if that is true or...
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last year i signed into law a $1.7 trillion in deficit reduction there will be more deficit reduction as congress decides what to do about the automatic spending cuts that we have now delayed for two months. as i have demonstrated throughout the past several weeks, i am very open to compromise i believe that we have to find ways to reform the program. there is further spending that we can eliminate in government. but we can't simply cut away to prosperity. cutting spending has to go hand-in-hand with further reforms to our tax code so that the wealthiest corporations and individuals can take advantage of loopholes and deductions that aren't available to most americans. and we can't keep putting things like basic research and new technology and still expect to succeed in the 21st century economy.. we have to do it in a balanced way. even as we get a handle on our spending. i will not have another debate with this congress over whether or not they should pay the bills that they have wrapped up through the laws they pass. we cannot pay bills we have already incurred. the consequences wou
last year i signed into law a $1.7 trillion in deficit reduction there will be more deficit reduction as congress decides what to do about the automatic spending cuts that we have now delayed for two months. as i have demonstrated throughout the past several weeks, i am very open to compromise i believe that we have to find ways to reform the program. there is further spending that we can eliminate in government. but we can't simply cut away to prosperity. cutting spending has to go...
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Apr 11, 2013
04/13
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FOXNEWSW
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they are not cutting back on deficits. he's given us record deficits. how does he with a straight face tell this garbage to the american people? >> i don't know. it's a lot of smoke and mirrors because it never balances. it takes another 1.1 it would. he didn't even produce it until the house passed a budget and the senate passed a budget. why did he produce a budget? because he's missed every deadline. no budget he has ever produced has even got one vote from a republican nor a at that time has ever voted for any of husband budgets. that's the sad part about it and that's why we in this fiscal mess. >> you guys came up with through paul ryan, i like the penny plan, cut one penny out of every dollar, no increases. but i'm just a humble little talk show host, but with that said, you guys have increased spending 4% a year every year for ten years and every democrat acts like, you know, you are gutting, you are cutting, you are destroys, when you are upping the anti every year. >> the other thing that's important here, not what people in washington say abo
they are not cutting back on deficits. he's given us record deficits. how does he with a straight face tell this garbage to the american people? >> i don't know. it's a lot of smoke and mirrors because it never balances. it takes another 1.1 it would. he didn't even produce it until the house passed a budget and the senate passed a budget. why did he produce a budget? because he's missed every deadline. no budget he has ever produced has even got one vote from a republican nor a at that...
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Mar 8, 2013
03/13
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MSNBCW
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many of them didn't even know that the president had a deficit reduction plan. if the leadership is not going to be able to provide leadership and move the caucus along go to the rank-and-file. people have indicated that they're open to reforms. you know, lindsey graham, kelly ayotte, they know this has to be a balanced plan to reduce the deficit. it can't come all out of spending cuts. there's not enough spending cuts to be had to reduce the deficit. >> i'm impressed you just used the commonsense caucus is now what we are calling -- look, i applaud -- >> i only read what comes out. >> yeah, but this would be now bandied about because they shared a meal effectively, right, but we have yet to see whether this translates. >> you know, look, this is the way government is supposed to work. the president believes, you know, that we need to try, and it's pretty clear that john boehner cannot lead as caucus. we've tried several times, and every time he walks away, and the american people pay. now the president is pursuing a new strategy, and, you know, i think that you
many of them didn't even know that the president had a deficit reduction plan. if the leadership is not going to be able to provide leadership and move the caucus along go to the rank-and-file. people have indicated that they're open to reforms. you know, lindsey graham, kelly ayotte, they know this has to be a balanced plan to reduce the deficit. it can't come all out of spending cuts. there's not enough spending cuts to be had to reduce the deficit. >> i'm impressed you just used the...
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Jan 14, 2013
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if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that and we can achieve it fairly quickly. we know what the numbers are, we know what needs to be done. we know what a balanced approach would take, and we've already done probably more than half of the deficit reduction we need to stabilize the debt and the deficit. there's probably been more pain and drama in getting there than we needed. and so finishing the job shouldn't be that difficult, if everybody comes to the conversation with an open mind and if there's some things like paying our bills should not be out of bounds. i'll take one last question. >> mr. president, i would like to ask you, now that you've reached the end of your first term, starting your second, about a couple of criticisms. one that's long-standing, another more recent. the long-standing one seems to become a truism of sorts, that you and your staff are too insular, that you don't socialize enough. and the
if the issue is deficit reduction, getting our deficits sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner with me. we can achieve that and we can achieve it fairly quickly. we know what the numbers are, we know what needs to be done. we know what a balanced approach would take, and we've already done probably more than half of the deficit reduction we need to stabilize the debt and the deficit. there's probably been...
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Jun 23, 2013
06/13
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. $300 stimulus, take over american healthcare, the student loan program, first four years of $20 deficits, they could do whatever they wanted to. the encouraging thing is that in 2010, they look to that initiative national restraining order. my guess is they were younger voters who began to have second thoughts. the president was reelected, but he did not have the kind of election he did in 2008. he did not flip the house am a change the senate much, it was status quo at the federal level. at the state level 30 out of 50 governors are now republicans. it was not a wiped out election. now we have divided government and divided government can do one of two things, they can do great things as reagan and tip o'neill did when they raised the age of social security and they did the last conference of tax reform, or even bill clinton when he joined a republican congress and did welfare reform. what has been missing during this time of divided government from 2010 until now is a president willing to tackle the single biggest issues in country. it can only be done on a bipartisan basis, and the tr
. $300 stimulus, take over american healthcare, the student loan program, first four years of $20 deficits, they could do whatever they wanted to. the encouraging thing is that in 2010, they look to that initiative national restraining order. my guess is they were younger voters who began to have second thoughts. the president was reelected, but he did not have the kind of election he did in 2008. he did not flip the house am a change the senate much, it was status quo at the federal level. at...
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Dec 14, 2013
12/13
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if we really want to see spending cuts and the deficit reduction. we need to make sure the republicans get elected on the only way we can do this is if we stay focused on the democrats with obamacare. neil: adam, what do you think? >> i will say what most americans feel, which is they don't give us who what the parties think about this. what we see is that the obstructionist wing of one of the parties has been defeated in that part of that that wants once the government is working with the other party to govern and that the huge victory for the united states. the democrats are working with the republicans who care about governing. the. neil: why is t that the conservatives in the republican party are doing the opposite they insist upon cutting spending, and not democrats who are insisting on continuing spending? >> because they have been obstructionist in terms of getting things done. neil: but i mean, are you not just a stubborn as the other person? >> they have been a smaller percentage of the party they have been shut out as well. neil: the democ
if we really want to see spending cuts and the deficit reduction. we need to make sure the republicans get elected on the only way we can do this is if we stay focused on the democrats with obamacare. neil: adam, what do you think? >> i will say what most americans feel, which is they don't give us who what the parties think about this. what we see is that the obstructionist wing of one of the parties has been defeated in that part of that that wants once the government is working with...
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Aug 3, 2013
08/13
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some additional investment spending in addition to some deficit reduction that's perhaps back loaded. those arguments may be a consensus of economists and popular in the polls with most american people but not in the districts of the overwhelming majority of republicans who serve in the house so that's what you have. but the job numbers came out today and it's like groundhog day, the first friday of every month where we see there's a gain in jobs but not as much as people either expected or what we need to fully recover. and we have a situation that hasn't happened in my years in washington, where washington is residing over a budget policy that is a drag on the economy so they're partly to blame. gwen: the president said to you in the "new york times" interview this week that you conducted, jackie, that there are some republicans with whom he can get along. the brilliant ones agree with him. [laughter] and i'm paraphrasing but there are those who are stubborn who don't agree with him. is there even a potential outline for a grand bargain if the president says that's only my way. >> t
some additional investment spending in addition to some deficit reduction that's perhaps back loaded. those arguments may be a consensus of economists and popular in the polls with most american people but not in the districts of the overwhelming majority of republicans who serve in the house so that's what you have. but the job numbers came out today and it's like groundhog day, the first friday of every month where we see there's a gain in jobs but not as much as people either expected or...
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Jan 5, 2013
01/13
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government is not just its annual deficit, but its total liabilities. our federal balance sheet does not include our unfunded social insurance obligations. medicare, social security, and the future retirement benefits of federal employees. only in the small print of the financial statements do you get some idea of the enormous size of the unfunded commitment. today, the estimated unfunded total is more than $87 trillion. that's 550% of our current gdp, gross domestic product. and the debt per household is more than 10 times the median family income. of course, we can go on whistling in the dark, until we run into the reality of a crisis we sometimes hear vaguely mentioned. when it is mentioned at all. unquote. >> that was an earlier column. have you had a chance to sleep on this? do you want to retract any of that? >> that is pretty scary stuff, mort? >> it is scary stuff. and i think a lot of people who who have followed this issue closely share the same view. this is not something i dreamt up. this is a very serious problem facing this country. and an
government is not just its annual deficit, but its total liabilities. our federal balance sheet does not include our unfunded social insurance obligations. medicare, social security, and the future retirement benefits of federal employees. only in the small print of the financial statements do you get some idea of the enormous size of the unfunded commitment. today, the estimated unfunded total is more than $87 trillion. that's 550% of our current gdp, gross domestic product. and the debt per...
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Oct 20, 2013
10/13
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but the vast majority of the deficit reduction will still be in place. so i think we've done a lot. we've got to shift the focus from just fiscal policy. fiscal policy is very important, but there is a lot that we need to do to build and grow this economy. we need infrastructure, the farm bill needs to pass. the immigration bill is hugely important to the economy. i'm hoping we can find a place where we can work together. >> obama care is not going away. it is law. republicans say they will not stop fighting. and the rollout, the exchanges, getting people enrolled has been very, very difficult. from the usa today, their coverage is this. the federal health care exchange was built using ten-year-old technology and the next six months will be an overhaul of the entire system. democrats supported the allies of this president and say this has been a disastrous start to obama care. >> david, first let me say that the huge outpouring of interest shows how important it is that we get this right. there are millions of americans who want health insurance. it's important for our economy for t
but the vast majority of the deficit reduction will still be in place. so i think we've done a lot. we've got to shift the focus from just fiscal policy. fiscal policy is very important, but there is a lot that we need to do to build and grow this economy. we need infrastructure, the farm bill needs to pass. the immigration bill is hugely important to the economy. i'm hoping we can find a place where we can work together. >> obama care is not going away. it is law. republicans say they...
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Apr 10, 2013
04/13
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our deficits are already falling. over the past two years, i have signed legislation that will reduce our deficit by 2.5 trillion, more than 2/3 of it through spending cuts and the rest through asking the weal wealthest americans to pay their fair share. that doesn't mean we don't have more work to do, but here's how we finish the job. my budget will reduce our deficits by nearly another $2 trillion so that all told, we will have surpassed the goal of $4 trillion in deficit reduction that independent economists believe we need to stabilize our finances. but it does so in a balanced and responsible way, a way that most americans prefer. both parties for example agree that the rising cost of caring for an aging generation is the single biggest driver of our long-term deficits. and the truth is, for those like me who deeply believe in our social insurance programs think it's one of the core things that our government needs to do if we want to keep medicare working as well as it has, and we want to preserve the ironclad g
our deficits are already falling. over the past two years, i have signed legislation that will reduce our deficit by 2.5 trillion, more than 2/3 of it through spending cuts and the rest through asking the weal wealthest americans to pay their fair share. that doesn't mean we don't have more work to do, but here's how we finish the job. my budget will reduce our deficits by nearly another $2 trillion so that all told, we will have surpassed the goal of $4 trillion in deficit reduction that...
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Oct 4, 2013
10/13
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is it about the budget deficit? why is the government shut down right now? >> we sent four bills to the united states senate. four different positions trying to soften our position to get the senate interested in keeping the government open and bringing fairness to the american people under obama care. it's as simple as that. >> last question. >> mr. speaker, reports of sniping, personality sniping between you and the democratic leader and the president -- >> no, no. that's just not true. that is just -- listen, that is not true. now most of you have dealt with me for some time. i might have sniped at luke once or twice, but i have very good relationships with all of my colleagues across the aisle. listen, it's me. all i'm asking for is let's sit down like the american people would expect us and talk to one another about getting the government open and dealing with the significant problems that we face. >> what about a grand bargain? >> harry reid said that you care more about your job -- >> well, you can hear the reporters making every effort to get more ou
is it about the budget deficit? why is the government shut down right now? >> we sent four bills to the united states senate. four different positions trying to soften our position to get the senate interested in keeping the government open and bringing fairness to the american people under obama care. it's as simple as that. >> last question. >> mr. speaker, reports of sniping, personality sniping between you and the democratic leader and the president -- >> no, no....
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Oct 17, 2013
10/13
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chance to do the thing that you would expect him to do if he has a vision, then most of us do which is deficit is insupportable, we're going over a cliff, we can see the future, you've got to do something, all of us sort of know that and he is not interested. the reason? everybody has a tactical explanation for why he said no. i'm not on the electrics coming up. and he's a man of the left. believing that that is the kind of social system in europe. but that is the justice side. and that is why time after time he turns it down z that is why i predict he will again turn it down. he can have a great political victory, if he want want bud won't accept it unless you raise tax autos when watching commercials, sitting next to each other, you know they say this does not look good. >> this thing about obama, i asked what does this animate him? is this something he seems concerned about? he wants to do something about? answer i get is i don't know f you don't know, that means he's not animated bit. this isn't his driving force of the presidency. so, you know, i think that it's possible. he never made it
chance to do the thing that you would expect him to do if he has a vision, then most of us do which is deficit is insupportable, we're going over a cliff, we can see the future, you've got to do something, all of us sort of know that and he is not interested. the reason? everybody has a tactical explanation for why he said no. i'm not on the electrics coming up. and he's a man of the left. believing that that is the kind of social system in europe. but that is the justice side. and that is why...
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Jan 5, 2013
01/13
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now the same is true for any future deficit agreement. if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that is going to be the formula for how we solve this thing, then they have another thing coming. >> all right, you catch that. the white house seriously, no kidding around says they will not accept a bargain in which what they got was an increase in the debt limit. so was congress, and what they get is congress simply agreeing to pay its bills. that is not their payoff. they see it as a historic responsibility to end the dawning precedent that minorities in congress can hold up the u.s. in the debt limit. so it will be up to boehner and connor to decide the deficit package and spending cuts and revenue, or taking the whole country into default. and i don't think they will choose default. for a couple of reasons here. first, the republicans are not nearly as crazy as the tea party would have you believe. in the end, they were not even willing to go over the fiscal cliff. and
now the same is true for any future deficit agreement. if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that is going to be the formula for how we solve this thing, then they have another thing coming. >> all right, you catch that. the white house seriously, no kidding around says they will not accept a bargain in which what they got was an increase in the debt limit. so was congress, and what they get is congress simply...
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Jan 2, 2013
01/13
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it issue on the budget deficit and an ability to project how much the deficit will grow on an annual basis. this deal is getting rid of this problem entirely. you're seeing now congress won't have to deal with it in the future. it will have an impact on how much budget deficits grow in the future and, as you saw, the price tag of this deal could potentially be in the $4 trillion range, largely because of this permanent amt repeal. >> there's one more piece of this that we talked about going into the negotiations for this over the weekend and that's what it would mean for the unemployeds long-term benefits. they will be extended now for about 2.1 million americans but just for a year, right? >> that's right. this will be a fight that will come up again, no doubt about it. but this was a big priority for the white house and for senate democrats. they're pushing hard to get this included in the package. and they did. but we'll see this again when they do come time to expire, there's concern about how much -- that will also add to the deficit. this will certainly replay itself. >> thank
it issue on the budget deficit and an ability to project how much the deficit will grow on an annual basis. this deal is getting rid of this problem entirely. you're seeing now congress won't have to deal with it in the future. it will have an impact on how much budget deficits grow in the future and, as you saw, the price tag of this deal could potentially be in the $4 trillion range, largely because of this permanent amt repeal. >> there's one more piece of this that we talked about...
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Aug 12, 2013
08/13
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. >>> the federal budget deficit was $98 billion. the dow lost 6, s&p 500 dropped 2, nasdaq gained 10. >>> president obama is settling into his week-long vacation in martha's vineyard, but it is not like the president is far from the job. wendell goler tells us about one item on the president's to do list. >> reporter: in between missing putts with golfing buddies, president obama may use some of his time on his vacation thinking about a replacement for fed chairman ben bernanke, who is leaving the most powerful economic position in the world in january. >> it is definitely one of the most important economic decisions i make in the remainder of my presidency. >> reporter: he told reporters friday that he is considering a number of qualified candidates, some experts think the short list is down to larry summers, former head of national economic council, and treasury secretary under president clinton, and janet yellin, the first woman to head the fed. >> 70, 80% of value, yellin will be the nominee. and if it would be someone else, sum
. >>> the federal budget deficit was $98 billion. the dow lost 6, s&p 500 dropped 2, nasdaq gained 10. >>> president obama is settling into his week-long vacation in martha's vineyard, but it is not like the president is far from the job. wendell goler tells us about one item on the president's to do list. >> reporter: in between missing putts with golfing buddies, president obama may use some of his time on his vacation thinking about a replacement for fed chairman...
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Oct 6, 2013
10/13
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. -- g after obamacare >> the president keeps saying that the deficit is shrinking. >> it is shrinking. structurally the only thing that republicans in most districts anymore because of the 2010 districting and the 2010 win, the only thing they have to fear is a primary challenge. not a general election challenge. rex most of the tea party people do not have to worry about that. >> the democratic party has -- >> a lot of the tea party, the elected in 2010, they praise it in most contexts. they mean what they say. they ran on certain ideas and they honestly mean it. people who are kind of cynical think i have seen what has happened to bob bennett in utah and i do not want that to happen to me. artie has madeic a serious mistake and they recognize it now. they have let the state legislators go without getting concentration. that is where they need to put their attention. >> how is this playing in pre are? not very well. >> everyone is angry. the government hostage over obamacare is ridiculous. >> a bunch of jerks running the show up there. >> you kind of get the drift. people said the pe
. -- g after obamacare >> the president keeps saying that the deficit is shrinking. >> it is shrinking. structurally the only thing that republicans in most districts anymore because of the 2010 districting and the 2010 win, the only thing they have to fear is a primary challenge. not a general election challenge. rex most of the tea party people do not have to worry about that. >> the democratic party has -- >> a lot of the tea party, the elected in 2010, they praise it...
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the deficit, like how much debt or adding. over a trillion. just when you're. federal government runnng a a tab of a rillion. we talk about this number of the me. let's get this zero's again. a very big number. tough to get your arms around these numbers. when you see it on a piece of paper it's easier. i thought it would be even easier ifwe thought about one american household. what if each of those numbers translate it into one family. if you ran the household like the federal government here is what you would be looking at. your family income, 24400. your spending, 305,400. look at this. what's going on? you can't do this. if you were spending 35,000 only had 24,000 coming in, that's a nightmare. the new debt would be 10,900. it's a nightmare. so let's talk about your total credit card debt. if you were on par with the federal government your total debt would be $163,000. you're not even earning 25,000. you would be in huge trouble. you would be insolvent. i would call you a deadbeat. of course you're too smart to do something this stupid. capitol hill is no
the deficit, like how much debt or adding. over a trillion. just when you're. federal government runnng a a tab of a rillion. we talk about this number of the me. let's get this zero's again. a very big number. tough to get your arms around these numbers. when you see it on a piece of paper it's easier. i thought it would be even easier ifwe thought about one american household. what if each of those numbers translate it into one family. if you ran the household like the federal government here...
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Oct 3, 2013
10/13
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it doesn't grow our deficits by a single dime. it doesn't allow anybody to spend any new money whatsoever. so it's not something that raises our debt. what it does is allow the u.s. treasury, the u.s. government, to pay the bills that congress has already racked up. i want you to think about this. if you go to a restaurant and you order a meal. you eat it. maybe you have some wine. maybe you have twos glasses of wine. great meal, and then you look at the tab and it's pretty expensive and you decide i'm not going to pay the bill. well, you're not saving money. you're not being frugal. you're just a deadbeat, right? if you buy a house and you decide, man, this month, i'd rather go on vacation somewhere so i'm not going to pay my mortgage. you didn't just save yourself some money. you're just going to get foreclosed on. so you don't save money by not paying your bills. you don't reduce your debt by not paying your bills. all you're doing is making yourself unreliable and hurting your credit rating. and you'll start getting those phon
it doesn't grow our deficits by a single dime. it doesn't allow anybody to spend any new money whatsoever. so it's not something that raises our debt. what it does is allow the u.s. treasury, the u.s. government, to pay the bills that congress has already racked up. i want you to think about this. if you go to a restaurant and you order a meal. you eat it. maybe you have some wine. maybe you have twos glasses of wine. great meal, and then you look at the tab and it's pretty expensive and you...